Ohio Revised Code Search
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Section 4735.66 | Representing buyer in agency relationship - prohibited acts.
...In representing a purchaser in an agency relationship, no licensee shall do either of the following without the knowledge and consent of the purchaser: (A) Extend an offer of subagency to other licensees; (B) Accept compensation from a broker who represents a seller. |
Section 4735.67 | Disclosures to purchaser.
...cope of the knowledge required for real estate licensure, or to verify the accuracy or completeness of statements made by the seller, unless the licensee is aware of information that should reasonably cause the licensee to question the accuracy or completeness of such statements. (C) Nothing in this section limits any obligation of a seller to disclose to a purchaser all material facts known by the seller pertaining... |
Section 4735.68 | Liability for false information.
... provided to another party in the real estate transaction, unless the licensee had actual knowledge that the information was false or acted with reckless disregard for the truth. (B) No cause of action shall arise on behalf of any person against a client for any misrepresentation a licensee made while representing that client unless the client had actual knowledge of the licensee's misrepresentation. (C) Kno... |
Section 4735.69 | Assisting party who is not a client.
... is not the licensee's client in a real estate transaction by doing any of the following: (1) Providing information regarding lenders, inspectors, attorneys, insurance agents, surveyors, draftspersons, architects, schools, shopping facilities, places of worship, and other similar information; (2) Providing market information or other information obtained from a property listing service or public records. (B) A lic... |
Section 4735.70 | Dual agency definitions.
... the seller as clients in the same real estate transaction; (B) A brokerage that represents both the purchaser and the seller as clients in the same real estate transaction; (C) A management level licensee who represents a client in an in-company transaction. If there is more than one management level licensee affiliated with the brokerage and either of the following applies, the management level licensee is not a ... |
Section 4735.71 | Dual agency - disclosure statement.
...orporation that has an interest in the real property that is the subject of the transaction or an entity that has an intention of purchasing, leasing, or exchanging the real property. |
Section 4735.72 | Dual agency - brokerage and management level licensees.
...(A) The brokerage and management level licensees in a brokerage in which there is a dual agency relationship described in section 4735.70 of the Revised Code shall do each of the following: (1) Objectively supervise the affiliated licensees in the fulfillment of their duties and obligations to their respective clients; (2) Refrain from advocating or negotiating on behalf of either the seller or the purchaser; (3) ... |
Section 4735.74 | Duties following closing of transaction.
... sales information requested by a real estate appraiser assistant registered under Chapter 4763. of the Revised Code or a real estate appraiser licensed or certified under Chapter 4763. of the Revised Code for the purposes of performing an appraisal. No cause of action shall arise on behalf of any person against a licensee for releasing information pursuant to this division. |
Section 4735.75 | Authorization of other brokers by exclusive agent.
...(A) A broker who has the exclusive authority to represent a client under a written exclusive agency agreement, exclusive right to sell agreement, or exclusive purchaser agency agreement may authorize other licensees to negotiate directly with that client. The authorization shall be in writing and the broker shall comply with the requirements of section 4735.621 of the Revised Code. (B) A licensee who negotiates dire... |
Section 4735.76 | Compliance with law regarding sanctions for human trafficking.
...The superintendent of real estate shall comply with section 4776.20 of the Revised Code. |
Section 4735.80 | Anti-discrimination disclosure.
...(A) The superintendent of real estate shall, within one year after the effective date of this section, adopt rules in accordance with Chapter 119. of the Revised Code that require a licensee, prior to listing residential real estate for sale, exchange, or purchase, to provide to the seller a disclosure form, developed and maintained by the division of real estate, that outlines both of the following: (1) The federa... |
Section 4735.99 | Penalty.
...(A) Whoever violates section 4735.02 or 4735.021 of the Revised Code is guilty of a misdemeanor of the first degree. (B) Whoever violates section 4735.25 or 4735.30 of the Revised Code is guilty of a felony of the fifth degree, and the court may impose upon the offender an additional fine of not more than two thousand five hundred dollars. |
Section 4763.01 | Real estate appraiser definitions.
... or process of developing an opinion of value of real property in conformity with the uniform standards of professional appraisal practice. (B) "Valuation" means an estimate of the value of real estate. (C) "Analysis" means a study of real estate for purposes other than valuation. (D) "Appraisal report" means a written communication of a real estate appraisal or appraisal review, or an oral communication of a real... |
Section 4763.02 | Real estate appraiser board.
...(A) There is hereby created the real estate appraiser board, consisting of five members appointed by the governor, with the advice and consent of the senate. Four members shall be persons certified or licensed under this chapter, at least two of whom shall hold a state-certified general real estate appraiser certificate, and one of whom shall be an owner, controlling person, or management-level employee of an apprai... |
Section 4763.03 | Duties of board.
...to any other duties imposed on the real estate appraiser board under this chapter, the board shall: (1) Adopt rules, in accordance with Chapter 119. of the Revised Code, in furtherance of this chapter, including, but not limited to, all of the following: (a) Defining, with respect to state-certified general real estate appraisers, state-certified residential real estate appraisers, and state-licensed residential re... |
Section 4763.04 | Powers of board or superintendent.
...The real estate appraiser board or the superintendent of real estate may compel, by order or subpoena, the attendance of witnesses to testify in relation to any matter over which the board or the superintendent has jurisdiction and which is the subject of the inquiry and investigation by the board or superintendent, and require the production of any book, paper, or document pertaining to such matter. For such p... |
Section 4763.05 | Applying for initial certificate, license or registration.
...an initial state-certified general real estate appraiser certificate, an initial state-certified residential real estate appraiser certificate, an initial state-licensed residential real estate appraiser license, or an initial state-registered real estate appraiser assistant registration in writing to the superintendent of real estate on a form the superintendent prescribes. The application shall include the address ... |
Section 4763.06 | Renewing certificate, license or registration.
...ised Code to the superintendent of real estate. The renewal application shall include a statement, signed by the certificate holder, registrant, or licensee, that the certificate holder, registrant, or licensee has not been convicted of or pleaded guilty to any criminal offense described in division (H)(2) of section 4763.05 of the Revised Code since the issuance or renewal of the individual's most recent certificate... |
Section 4763.07 | Continuing education.
...ent, every state-certified general real estate appraiser, state-certified residential real estate appraiser, state-licensed residential real estate appraiser, and state-registered real estate appraiser assistant shall submit proof of successfully completing a minimum of twenty-eight classroom hours of continuing education instruction in courses or seminars approved by the real estate appraiser board. The certificate ... |
Section 4763.08 | Certificate, registration or license term.
...te of this amendment, each general real estate appraiser certificate, residential real estate appraiser license, residential real estate appraiser certificate, and real estate appraiser assistant registration is valid for a period of two years from its date of issuance. (B) The superintendent of real estate shall provide renewal notices to certificate holders, registrants, and licensees no later than thirty days p... |
Section 4763.09 | Fees.
...(A) The real estate appraiser board shall adopt rules, in accordance with Chapter 119. of the Revised Code, for the establishment of the following fees: (1) The examination fee required under division (A) of section 4763.05 of the Revised Code, up to a maximum of one hundred fifty dollars, which fee shall be nonrefundable; (2) The initial state-certified general real estate appraiser and state-licensed residenti... |
Section 4763.10 | Refusal to issue or renew certificate, registration or license.
...(A) The superintendent of real estate may refuse to issue a certificate, registration, or license to an applicant based upon any act or omission for which a certificate holder, registrant, or licensee may be disciplined under section 4763.11 of the Revised Code or refuse to renew a certificate, registration, or license of a current certificate holder, registrant, or licensee for failing to comply with this chapter. I... |
Section 4763.11 | Disciplinary actions.
...ying, or attempting to pay, anything of value, other than the fees or assessments required by this chapter, to any member or employee of the board for the purpose of procuring a certificate, registration, or license; (3) In a criminal proceeding, being convicted of or pleading guilty or no contest to a felony; a crime involving moral turpitude; or a crime involving theft, receiving stolen property, embezzlement, f... |
Section 4763.12 | Certified appraisal or certified appraisal report.
... holder or licensee with respect to the value of the dwelling offered as security for repayment of a mortgage loan. |
Section 4763.13 | Compliance with standards.
...uch other standards adopted by the real estate appraiser board, to the extent that those standards do not conflict with applicable federal standards in connection with a particular federally related transaction. (B) The terms "state-licensed residential real estate appraiser," "state-certified residential real estate appraiser," "state-certified general real estate appraiser," and "state-registered real estate app... |